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Audit report : Senate clarifies stance on N210trillion …. says the fund was unaccounted for and not stolen by NNPC …Insists on appearance of NNPC GMD,Ojulari before it

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Senate in session in the chamber

 

By George Mgbeleke

The Senate on Thursday clarified that the N210trillion financial infraction raised against the Nigerian National Petroleum Company Limited ( NNPCL) , in the audit reports of 2017 to 2023 , was based on funds uncounted for by the then NNPC.

Making this clarification chairman Senate Committee on Public Accounts,  Senator Aliyu Wadada Ahmed ( Nasarawa West), insisted that the Group Chief Executive Officer ( GCEO) of NNPCL , Engineer Bayo Ojulari must appear before it for explanations on the financial infractions and other queries raised against the Nigeria owned oil company .

These declarations were made by the chairman and members of the committee during the investigative it had with top management staff of NNPCL on Thursday as scheduled since the 26th of last month .

The committee had at the end of investigative session it had with management of NNPCL on 26th of last month, ,directed that the GCEO of the company must appear before it along with relevant officers on 10th of July , 2025 to account for the N210trillion financial infraction and defend other queries raised NNPCL in the audit reports .

In line with its earlier directive , the committee at the investigative session with NNPCL on Thursday , refused to allow the Chief Financial Officer ( CFO) , Mr Dapo Segun to make any submission or presentation to it on behalf of the GCEO , Engineer Bayo Ojulari, who had traveled for Organisation of Petroleum Exporting Countries ( OPEC) meeting currently holding in Vienna in Austria .

First to kick against allowing NNPCL CFO to make presentation , was Senator Abdul Ningi ( Bauchi Central ) , who accused NNPL of taking the committee for granted with persistence absence of its GCEO from critical sessions requiring his presence .

” It is very disturbing and unacceptable for the GCEO of NNPCL to dishonour this committee’s invitation for his appearance again.

” He has never appeared before this committee since his appointment, which is really disturbing .

” Invitation for his appearance before the committee was sent to him before the OPEC meeting which as far as we are concerned, he supposed to use his discretion on where to be today which should be before this committee and by extension , the Senate of the federal republic of Nigeria .

” He must appear before this committee as directed,” he said .

Another member of the Committee , Senator Adams Oshiomhole ( Edo North) , slammed NNPCL GCEO for his persistent failure of appearing before the committee .

” Nobody is bigger than the country, and anybody who feels so has no business in government. NNPCL GCEO should make good use of the window of invitation for appearance being offered him now before the door is shut against him with forceful one .

” The committee is not appealing, but ordering him to appear before it which in his own interest must be obeyed,” he said .

The Committee, accordingly as declared by the Chairman , resolved that NNPCL GCEO must appear before it unfailingly on a date that will be communicated to him .

Senator Wadada, before making the declaration , clarified that the committee does not have anything against anybody in NNPCL but is doing its constitutionally mandated duty of making Nigeria work through thorough scrutinization of how public funds are spent .

” I don’t have anything against anybody in NNPCL just as other members of the committee, but carrying out our constitutional mandate of ensuring probity and accountability on spending of public funds.

” NNPCL, as clearly stated in the audit report of 2017 to 2023, must account for N210trillion financial infraction .

” This committee never said NNPCL stole the money but is requesting it to account for it .

” The GCEO of NNPCL must appear before this committee to give the account and offer explanations on other queries raised,” he said.

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Business & Economy

Insecurity: CSO urges Govt, Stakeholders to provide needed help to PWDS

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By Joshua Kingsley Kenneth

For over two months Nigerians have been awashed with the threat by the United States President, Donald Trump, to send in troops into Nigeria, to identify and eliminate terrorists and so-called bandits killing citizens and sacking communities.

The statistics have dwelt largely on the gruesome killings of unarmed and innocent Nigerians in different parts of the country- from Benue to Taraba, Borno to Kogi States, just to list a few.

Not long ago the country again woke to a stark reminder of the abduction of school with 300 kidnapped from a Catholic school in Niger State, and another 24 taken hostage from Government Girls Comprehensive secondary school in Maga in Kebbi state.

Added to this horrendous list of insecurities and woes are the killings and abductions in Kwara State, and the general air of danger and fear that has gripped the country resulting in unquantifiable economic losses and a credibility crisis on the part of the federal government.

It therefore did not come as a surprise to many, especially victims of these dastardly attacks, when the United States through the activism of some of its lawmakers inspired President Trump to move against Nigeria, especially seeing that the federal government had failed in its primary responsibility of protecting lives and properties of citizens.

Whilst JOSHUA K B DISABILITIES RIGHTS AND SUPPORT INITIATIVES, a non-governmental organization committed to promoting the rights, welfare and wellbeing of Persons With Disabilities (PWDs) in the country joins the millions of well meaning and right thinking Nigerians and the international community in condemning the heinous and barbaric acts of killings, abductions and the insecurity engendered by terrorists, bandits, non-state actors, other criminals, their financiers and supporters whoever and wherever they may be, we call for urgent attention to Persons who may have been disabled by this phenomenon.

We call on the federal government, especially the Ministry of Humanitarian Affairs, National Emergency Management Agency, state governments, the armed forces and other intervention partners to urgently identify victim-PWDs from these crises and provide such interventions that would help them integrate into the economic and political lives of their immediate communities and the country at large.

We are convinced that such quick interventions would prevent a stage two crisis such as depression, low self esteem, poverty, and a host of other debilitating post crisis trauma that would further deteriorate their situations.

We also call on military authorities to provide meaningful economic, social, material and other forms of assistance and interventions to service men who are now members of the PWDs community following their sacrifices on the line of duty.

As an organisation focused on advancing the course of PWDs, JOSHUA K B DISABILITIES RIGHTS AND SUPPORT INITIATIVES uses this opportunity to sensitise relevant authorities, CSOs and other stakeholders that the various violent armed conflicts and attacks in the country has caused physical harms, leading to new disabilities or worsening existing conditions.

It has caused families to flee homes, lose livelihoods and resources, forced many, especially old and PWDs, into begging and extreme hardship.

JOSHUA K B DISABILITIES RIGHTS AND SUPPORT INITIATIVES also calls the attention of stakeholders to the struggle PWDs to escape danger due to inaccessible environments, making them targets for abuse, neglect, and exploitation during crises.

Systems and measures must be put in place to pull PWDs from severe neglect, discrimination, and lack of basic needs like food and healthcare which they face in camps and displaced.

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Business & Economy

FG , NSITF , others throw weight behind Social Security Bill …As Senate assures stakeholders of acceptable law

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Senate in session in the chamber

By Our Correspondent

The Federal Government and the Nigeria Social Insurance Trust Fund ( NSITF) Monday threw weights behind bill on Social Security Trust Fund which seeks to harmonize the existing NSITF Act and the Employees’ Compensation Act (ECA) 2010 for better service delivery.

This is as the Senate through its committee on Employment , Labour and Productivity , assured all stakeholders at public hearing organised for their inputs into the proposed legislation , very acceptable law for all .

The bill sponsored by Senator Cyril Fasuyi ( Ekiti North) , primarily seeks to expand the scope of NSITF into social security through harmonization of NSITF Act of 1993 and the Employees Compensation Act 2010 which will transformed NSITF to Nigeria Social Security Trust Fund ( NSSTF).

In his presentation at the public hearing , the Managing Director and Chief Executive Officer of NSITF , Mr Oluwaseun Faleye, commended the Senate for what he termed a “strategic and forward-looking legislative intervention.

The new bill according to him, marks a decisive step towards modernising Nigeria’s social security framework in line with global standards, especially the International Labour Organisation (ILO) Social Security (Minimum Standards) Convention, 1952 (No. 102), and the Tripartite Consultation Convention, 1976 (No. 144).

One of the most significant elements of the Bill, according to him, is the repeal of both the NSITF Act of 1993 and the ECA 2010.

Their co-existence, he explained, had resulted in operational ambiguities, particularly after the Pension Reform Act (PRA) 2014 transferred contributory pension functions from NSITF to the National Pension Commission.

“The consolidation of the two Acts into a single, coherent statute is timely, necessary, and commendable. It eliminates duplication, resolves conflicts, and strengthens the legal framework of the Fund.

“The Bill’s expansion of social security coverage to include informal sector workers and self-employed persons is a historic step towards inclusive protection for all categories of working Nigerians”, he said .

Despite its broad support for the Bill, the NSITF raised concerns about what it described as the “misapplication” of the term Board throughout the document. Faleye warned that using the word to refer simultaneously to governance, oversight, and day-to-day administrative functions could create confusion and weaken accountability.

“The Board meets quarterly, while daily operations are under the Managing Director. The Bill must distinguish clearly between the Governing Board as oversight body, Management as administrators, and the Agency as the implementing institution,” he said.

He recommended that the Bill adopt clearer definitions similar to those used in the Federal Inland Revenue Service (FIRS) Act, where the Board’s role is separated from that of the Executive Chairman, who functions as the Chief Executive and Accounting Officer.

Faleye concluded by reaffirming NSITF’s full support for the passage of the Bill, describing it as “progressive, timely, and aligned with global best practices.”

In his remarks , the Minister of Labour and Employment, Alhaji Muhammadu Maigari Dingyadi described the move by the Senate on the proposed law as very beautiful idea .

He however urged the Senate through its committee on Labour to arrive at safe and acceptable position for all stakeholders by striking the required balance between powers of management team and that of the board .

Though the Nigeria Labour Congress ( NLC) and Nigerian Employers Consultative Association ( NECA ) , kicked against the bill, but NLC led by its National President, Joe Ajaero , later succumbed, saying ” we are not here for we no go gree, we no gree .. ”

” Since many of the other critical stakeholders have supported the bill, NLC is not hellbent in opposing it . But the grey areas we identified during presentation , should be addresed by the committee .

After exhaustive deliberation at the public hearing , the Committee , Chairman , Senator Diket Plang ( Plateau Central ) , assured Nigerians of very acceptable law on social security trust fund very soon .

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Business & Economy

Electric Buses To Crash Cost Of Transportation In Abia,says Gov. Otti

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Gov.Alex Otti of Abia State

By Our Correspondent

Disturbed the increasing cost of livelihoods suffered by Nigerians as a result of subsidy withdrawal by the federal government, Abia State Governor Dr Alex Otti has assured Abians and the residents of Abia that the electric buses which the State Government is bringing into the State will further crash the cost of transportation in the State.

Governor Otti who made the declaration at the November edition of Governor’s Media chat held in Government Umuahia, said electric buses have already started arriving in the State,adding that before the end of the year, the buses would be put on the road for peoples’ use.

He explained that the buses will reduce the cost of transportation,thereby easing means of transportation as well as making life easier for Abians

“Before the end of the year,our electric buses that have started arriving,will be put on the road and that will further crash the cost of transportation in Abia”

The Governor further explained that the Government has also intensified effort on revenue drive, especially those who are owing the government, to ensure that they pay.

” As a government we do not look at faces. As a rule we do not move with touts.As a government sometimes we may intervene and even when we intervene,the defaulters must surely pay”

Governor Otti, expressed appreciation to the people of Abia for their continued support and cooperation,adding that government has continue to pay attention to governance and the government efforts have started yielding positive results.

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